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Dec 11, 2012
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and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the deadline was extended to this afternoon after they failed to reach a 40 billion euro target. the two-day summit in brussels on thursday is expected to produce a political agreement. while the details of the plan will be finalized at a later stage. >>> ipo activity is expected to pick up in 2013 after a slowdown in year. that's according to ernst & young's latest report. the amount of capital raised this year is down 30% from a year earlier. but exchanges in europe and the u.s. already are seeing business start to return this quarter. real estate, health care, gas are the sectors expe
and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the...
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Dec 12, 2012
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the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the instability and political alley-oop -- in italy -- [ inaudible ] >> the person who is tipped to sn proceed him told us he will continue with the austerity program under mario monti. take a listen. >> translator: we will surely comply with our commitment to europe, but we will try together with the other progressive parties to improve european policy because we're not convinced that austerity alone is enough. >> reporter: at this point it looks like the future of government, the centralized government would be controlling the lower house. but what if you don't get the majorit
the first since prime minister mario monti announced his departure. carolin roth joins us for more. >> reporter: hey, ross. the auction this morning was a definite succession. yields fell compared to a previous auction. in the secondary market, they're still higher than what we saw previously. now the bigger auction is the one tomorrow. that's three year. shouldn't be a concern because of the heavy redemptions. and yield did spike earlier this week. that was around concerns on the...
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Dec 14, 2012
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if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election due next year. and what abbe is perhaps going to do is to use the government machine as much as possible in order for the budget to be increased to sustain some of the public works because there is another critical juncture coming up because the japanese government is going to have to raise the tax rate for consumption tax. >> japanese economy is now in recession. and this is the third time sips the leaning crisis. the budget deficit is n
if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his...
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Dec 22, 2012
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mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political parties over the next day or so. to get their advice as we head towards elections, and he is expected then to dissolve parliament and call elections february 24. that is the date people believe most likely will be the date of the vote. >> what is the move of italians right now? would berlusconi actually have any chance with voters? >> the extraordinary thing is that despite his being really comprehensively discredited in the eyes of the rest of the world, a lot of italians seem prepared to fall for his charm and his promises, and he is actually on a media blitz at the moment, taking advantage of the fa
mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but voters have been less impressed with his austerity measures. for more on this now, we are joined now on the phone by our correspondent. what now? >> the president will be consulting with the leaders of political...
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Dec 13, 2012
12/12
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sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact on the country aes sovereign debt rating. our next guest disagrees and says he sees repricing of debt in italy. he's sylvia peruso. why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world
sylvia berlusconi appears to be endorsing mario monti. speaking at a press conference in rome, he said he would give up his ambitions to run if monti ran as the central coalition. he then went on to say he still plan toes run for office. he also said bond spreads were a, quote, hoke, that the euro was not a true currency since there was no central bank willing to print money like they do in japan. >>> meanwhile, moody's says that the political turmoil in italy will have little impact...
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as another subsidy for too big to fail banks we have a reality check plus a talian technocrat leader mario monti versus bunga bunga a three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided well yes according to supporters of m.m.t. at least as far as i can tell it's a theory we've been hearing more and more about over the years some guests on this show have revealed shades of it but we haven't really gotten into a discussion about it now some press attention has been given more it seems in the last year or so here's an article from the washington post modern monetary theory an unconventional take on economic strategy and further in this off article it talks about deficit our walls and
as another subsidy for too big to fail banks we have a reality check plus a talian technocrat leader mario monti versus bunga bunga a three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though...
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monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided while guess according to support.
monti versus bunga bunga three time former prime minister silvio berlusconi their latest debate centers around a different approach to bond yields will cover the spread in loose change let's get to today's capital account. government budget deficits do they matter of course but looking at the fiscal cliff debate it actually seems most seem to agree with that statement i just made though folks may disagree on the best way or time to address them here's the but is this framework misguided while...
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monti as plans to resign also expectations of fed easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred has gained a very respectable twenty five percent a year from commodities legend eric sprott about that and about silver to u.s. and u.k. regulators have reportedly published a joint paper they wrote about it on the pages of the op ed pages rather of the financial times to deal with too big to fail banks that need to well bail it's a first cross border plan it includes losses for shareholders removing senior management and converting debt into equity to provide capital now capital is one solution to mitigate the liability of massive credit expansion only we had hard money though we'll break that down for you where the day and while we're on all that glitters check out this trip to the vault. it's enormously impressed see that it's a big growth would like to move. to date to wait for people to remember it's. kind of a funny video you'll never guess where that was we'll tell you
monti as plans to resign also expectations of fed easing regardless it was actually fairly so why has the yellow metal been trading sideways for pretty much the past year and a half as the s. and p. five hundred has gained a very respectable twenty five percent a year from commodities legend eric sprott about that and about silver to u.s. and u.k. regulators have reportedly published a joint paper they wrote about it on the pages of the op ed pages rather of the financial times to deal with too...
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Dec 17, 2012
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again, we'll keep an eye for my comments from mario monti throughout the day. >> the market is focused on the yen. it's been weaker across the board today. the yen has been down for the lowest in a year against the greenback. we hit 84.48. it's pulled back from that. sterling/dollar is steady at 1.6185. plenty of focus on the dollar and continuing ongoing fiscal cliff discussions. meanwhile, in china, leaders there have wrapped up their weekend of economic plan, a list of must-dos next year. also across expectations of any big stimulus, much like the $600,000 boost that we got in 2009. eunice is with us once again from beijing. hi, eunice. sum it up for us. >> well, i would say that we saw a lot of bright moves, a lot of brush strokes, but nothing in terms of specifics. for the most part, the policymakers were saying all the right things. they were saying they hope to see more economic reforms, that they hope to see more in terms of a shift in terms of, you know, moving the economy away from state investment, from exports and moving it towards stimulating domestic demand. however, in t
again, we'll keep an eye for my comments from mario monti throughout the day. >> the market is focused on the yen. it's been weaker across the board today. the yen has been down for the lowest in a year against the greenback. we hit 84.48. it's pulled back from that. sterling/dollar is steady at 1.6185. plenty of focus on the dollar and continuing ongoing fiscal cliff discussions. meanwhile, in china, leaders there have wrapped up their weekend of economic plan, a list of must-dos next...
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Dec 24, 2012
12/12
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you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> ri
you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator...
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Dec 19, 2012
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italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end of the year press conference. that is the case as we are learning this morning. >>> moving on to shares in ubs which are at the top of the smi in zurich after the bank announced a settlement with u.s., u.k., and swiss regulators over its role in the libor fixing scandal. ubs will pay a total fine of $1.5 billion after admitting to manipulating the rate. as well as pleading guilty to charges of fraud and bribing brokers. the swiss bank says the fine will lead to a greater than expected fourth quarter loss. but that it will not need to raise new capital. carolyn, the response here by
italy's prime minister, mario monti, has postponed his end of the year press conference. dow jones reporting that delay may signal a possible delay in the budget vote. now this budget vote, of course, being the key hurdle he wanted to get through before resigning. he announced his intention to resign in the last couple of days. that clearing the way for a potential return to politics of silvio berlusconi. again, not clear exactly why the post there has -- there's been a postponement of the end...
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Dec 17, 2012
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mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about his recent visit to the tomb of saint francis he said he did, indeed, pray there to help him make a decision about whether or not to run. a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-ol
mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about...